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10 April

United Business Media sells Culverhouse Cross site for £18.7m

United Business Media plc announced today that as part of its on-going process of monetising its non-core assets, it has completed the sale of its Culverhouse Cross site to ITV plc for a total consideration of £18.7m. The Culverhouse Cross site, located seven miles outside Cardiff, includes the television studio complex that - until the completion of the site’s sale - has been leased by ITV from United Business Media.

- Ends -

Contacts
Media
   
Peter Bancroft Director of Communications
E-mail communications@ubmgroup.biz
Direct telephone +44 20 7921 5961
   
Fiona Mulcahy Citigate Dewe Rogerson
E-mail fiona.mulcahy@citigatedr.co.uk
Direct telephone +44 20 7282 2807
 
Analysts
Catherine Southgate Head of Investor Relations
E-mail Catherine.southgate@ubmgroup.biz
Direct telephone +44 20 7921 5031

Notes to Editors

1. About United Business Media plc
United Business Media is one of the world's leading global business information companies. UBM brings together the world's buyers and sellers, helping their markets work effectively and efficiently through PR Newswire's news distribution network and CMP's portfolio of events, print and on-line publications. For more information, go to www.unitedbusinessmedia.com

About PR Newswire - PR Newswire is the world's leading corporate news distribution service. Headquartered in New York, PR Newswire distributes news globally on behalf of over 40,000 customers, including many of the world's top companies and agencies, helping them take the latest news to the media, the investment community, and the general public. For more information, go to www.prnewswire.com

About CMP - CMP's portfolio of more than 200 newspapers, magazines and directories, 200 websites and 300 events brings together buyers and sellers from a range of global sectors including technology, healthcare, the built environment, lifestyle, fashion and ingredients. Our customers come to us for direct access to their key audiences: business decision-makers.

CMP operates globally through four divisions:

CMP Media - the USA's leading high tech B2B media company and provider of healthcare education and information. For more information, go to www.cmpmedia.com

CPM Information: the European magazine and events business, based in the UK. For more information, go to www.cmpinformation.com

CMP Asia: a leader in exhibitions and publications in key markets in Asia. For more information, go to www.cmpasia.com

CMP Medica: leading drug information provider, pharmaceutical marketing solutions including medical information and trade press in Europe and Asia. For more information, go to www.cmpmedica.com

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